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Rotavators Market Size

Report ID: GMI7474
Published Date: Nov 2023
Report Format: PDF

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Rotavators Market Size

Rotavators Market was valued at USD 1.7 billion in 2022 and is likely to showcase about 5.9% CAGR from 2023 to 2032. The growth can be attributed to a consistent rise in population and global food demand. The most recent United Nations projections indicate that the world's population is anticipated to reach approximately 8.5 billion by 2030, 9.7 billion by 2050, and 10.4 billion by 2100. The growing global population has led to an increased demand for food. To meet this demand, farmers are under pressure to enhance agricultural productivity. Rotavators contribute to efficient land preparation, enabling farmers to maximize their yields.

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Government support in the form of subsidies and initiatives can significantly impact the adoption of agricultural machinery, including rotavators. Governments around the world provide financial incentives to farmers to invest in modern farming equipment to improve overall agricultural output. In addition favorable policies and financial assistance can drive the demand for rotavators in the global market.

Rotavators Market Report Attributes
Report Attribute	Details
Base Year:	2022
Rotavators Market Size in 2022:	USD 1.7 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.9%
2032 Value Projection:	USD 3.2 Billion
Historical Data for:	2018 – 2022
No. of Pages:	200
Tables, Charts & Figures:	281
Segments covered:	Blade Type, Power Source, Crop Type, Weight
Growth Drivers:	Increasing mechanization in agriculture Rising demand for precision farming Expanding global population and food requirements Growing need for small-scale farm mechanization
Pitfalls & Challenges:	Limited access to financing Complex maintenance requirements

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The initial costs associated with purchasing rotavators, and other agricultural machinery can be a significant barrier for many farmers, especially small-scale or resource-constrained farmers. The capital investment required for acquiring modern and efficient rotavators may limit adoption rates, impacting the overall market dynamics.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of rotavators was worth USD 1.7 billion in 2022 and is expected to register 5.9% CAGR from 2023 to 2032, due to the consistent rise in population, global food demand, and government support in the form of subsidies and initiatives.

The tractor mounted power source segment held over 80% share of the rotavators industry in 2022 and is expected to register appreciable CAGR from 2023 to 2032, owing to robust demand in the agricultural sector to offer efficiency and versatility.

Asia Pacific held over 35% share of the rotavators market in 2022 and is expected to register commendable CAGR from 2023 to 2032, due to the burgeoning agricultural sector and increasing mechanization in the region.

AGCO Corporation, CNH Industrial (New Holland), Deere & Company (John Deere), Kubota Corporation, Kuhn Group, Lemken, Mahindra & Mahindra, and Preet Agro Industries are some of the major rotavators companies worldwide.